Canadian National Railway Company (NYSE:CNI) Receives $117.36 Average Price Target from Analysts

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have received a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $117.3636.

A number of brokerages have issued reports on CNI. Citigroup raised their price target on Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Evercore ISI raised their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research report on Monday, November 3rd. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and boosted their target price for the company from $146.00 to $151.00 in a report on Friday, November 28th. Cibc Captl Mkts raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Bank of America decreased their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC grew its holdings in shares of Canadian National Railway by 51.0% during the 1st quarter. Townsquare Capital LLC now owns 5,865 shares of the transportation company’s stock worth $572,000 after purchasing an additional 1,982 shares during the period. Public Sector Pension Investment Board raised its holdings in Canadian National Railway by 0.6% in the first quarter. Public Sector Pension Investment Board now owns 53,387 shares of the transportation company’s stock valued at $5,195,000 after buying an additional 300 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Canadian National Railway by 137.0% during the first quarter. Vestmark Advisory Solutions Inc. now owns 16,918 shares of the transportation company’s stock valued at $1,649,000 after buying an additional 9,779 shares in the last quarter. American Century Companies Inc. grew its stake in Canadian National Railway by 5.4% during the first quarter. American Century Companies Inc. now owns 155,841 shares of the transportation company’s stock worth $15,166,000 after buying an additional 7,963 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Canadian National Railway by 1.5% in the first quarter. Raymond James Financial Inc. now owns 280,287 shares of the transportation company’s stock worth $27,317,000 after acquiring an additional 4,235 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 2.2%

CNI stock opened at $99.54 on Friday. The company has a 50 day moving average price of $95.73 and a two-hundred day moving average price of $97.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60. The stock has a market capitalization of $61.25 billion, a P/E ratio of 18.89, a PEG ratio of 2.19 and a beta of 0.96. Canadian National Railway has a one year low of $90.74 and a one year high of $108.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. As a group, sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be issued a $0.8875 dividend. The ex-dividend date is Tuesday, December 9th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a yield of 3.6%. Canadian National Railway’s payout ratio is 48.01%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.